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3.10 Midday Bitcoin Analysis
Yesterday, the bulls launched a strong counterattack, and Bitcoin moved higher with volatility, reaching a high of around 69,500; this morning, it surged again to 70,500. The bullish momentum remains strong, and the pullback is a healthy consolidation for further gains. Buoyed by positive statements, the price has strengthened in the short term, market sentiment has improved, and capital is flowing back in noticeably.
The key level to watch is the 71,000 resistance. A volume breakout above this level could open up new upward space; after a pullback and stabilization, focus on long positions, as short-term dips are opportunities for low-entry buys. Be cautious of trap setups by the bears.
Trading Suggestions
Bitcoin: Consider going long around 68,600–69,300, targeting 71,500–72,500
Altcoin: Consider going long around 2,000–1,920, targeting 2,080–2,150